Titan America SA

Titan America SA announced the completion of a capital increase, raising its capital by USD 108.76 to a new total of USD 1,843,624,758.76. This increase resulted from the issuance of 10,876 new shares at USD 0.01 each, following the exercise of subscription rights. Additionally, the company's Annual General Meeting approved the renewal of six director mandates and the appointment of Ms. Evangelia Kostakis as a new independent director, all for one-year terms expiring at the 2027 annual general meeting.

Titan America announced its second quarter 2026 financial results, reporting a 9.6% increase in revenue to $470.6 million, primarily driven by strong performance in the Mid-Atlantic region and the Keystone acquisition. However, net income decreased by 15.4% to $43.3 million, and EPS fell to $0.23. Adjusted EBITDA saw a modest 1.3% increase to $100.7 million. The company also updated its full-year 2026 outlook to include the Keystone acquisition, projecting high single-digit revenue growth but a modest decline in Adjusted EBITDA margin.

Titan America SA announced that its Board of Directors has declared a distribution of $0.04 per common share for the third quarter of 2026. This distribution will be paid out of the company's available issue premium. The payment is scheduled for October 9, 2026, to shareholders of record as of October 1, 2026. Future distributions remain at the discretion of the Board and are subject to shareholder approval.

Titan America announced its first quarter 2026 financial results, reporting a 1.5% increase in revenue to $398.4 million and a 3.4% rise in Adjusted EBITDA to $82.5 million. However, net income slightly decreased by 1.1% to $33.0 million. The company reaffirmed its full-year 2026 guidance, anticipating low single-digit revenue growth and modest Adjusted EBITDA margin expansion. Additionally, Titan America completed the acquisition of Keystone Cement Company on May 1, 2026, an investment expected to accelerate top-line growth and improve operating margins.

Titan America SA announced that its Board of Directors has declared a distribution of $0.04 per common share for the second quarter of 2026. This distribution will be paid out of the company's available issue premium. The payment date is set for July 7, 2026, to shareholders of record as of June 18, 2026. Future declarations of distributions or dividends will be at the Board's discretion and subject to shareholder approval.

Titan America SA has completed the acquisition of Keystone Cement Holdings, Inc. and Keystone Cement Company LLC, a Pennsylvania-based cement manufacturer and aggregates producer. This strategic move expands Titan America's geographic reach and strengthens its long-term positioning in the Mid-Atlantic region. The acquisition adds 990,000 short tons per year of clinker production capacity and substantial mineral assets, supporting over 50 years of cement production.